OECD is preparing a two-pillar action plan for governments, as part of a global response to the world financial crisis, calling for tighter regulation and oversight of financial markets and improved national policies to promote economic growth.

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Some 16 new bilateral agreements on exchange of information for tax purposes signed this week between OECD countries and the British Virgin Islands, Guernsey and Jersey mark an important step forward in efforts to bring greater transparency to cross-border financial transactions.

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Fiscal policy, says the latest Latin American Economic Outlook (LEO 2009) from the OECD’s Development Centre, can be a powerful tool for economic, political and social development in Latin America if taxes are raised efficiently and fairly.

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The OECD’s Working Group on Bribery sharply criticised the United Kingdom’s failure to bring its anti-bribery laws into line with its international obligations under the OECD Anti-Bribery Convention and urged the rapid introduction of new legislation.

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Given that the majority of the world’s population lives in cities accounting for 60 to 80 percent of emissions, cities are key actors in our efforts to achieve long-term sustainable solutions to the global climate change challenge, according to Mr. Gurría.

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In his remarks at the 13th World Water Congress, Mr. Gurría underlined that managing and securing access to water and sanitation for all is one of the world’s biggest challenges and needs a global response.

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In his remarks delivered at the APEC Structural Reform Ministerial Meeting, Mr. Gurría explained that designing structural reform has been at the core of the OECD’s mission since its inception, to promote a better functioning of the global economy and raise living standards in member and partner countries. Now the OECD has gone one step further, trying to figure out how reform can be successfully implemented.

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The OECD Global Forum on Sustainable Development - Financing and Pricing Water: The Role of Government Policies, the Private Sector and Civil Society was held at the OECD Conference Centre in Paris on 1-2 December 2008.

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France is one of the international community’s key players in development co-operation. French Official Development Assistance was USD 9.94 billion in 2007, ranking France third among DAC member countries.